FTC Pauses Whole Foods Case To Weigh Settlement

Law360, New York (January 29, 2009, 12:00 AM EST) -- The Federal Trade Commission has agreed to suspend its administrative case against Whole Foods Market Inc. over the company’s merger with rival Wild Oats Markets Inc. in order to review a settlement proposal from the organic grocery chain.

The agency issued an order Wednesday withdrawing the case until Feb. 5 at the request of the Austin, Texas-based natural foods retailer. Details on Whole Foods' settlement proposal were not released by the commission.

Dave Wales, acting director of the FTC’s Bureau of Competition, declined to discuss specifics...
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